The CSRD could transform how companies report on Sustainability; it will apply to many companies not previously subject to mandatory Sustainability Reporting and will require companies to go far beyond what they report today. These companies will need to produce disclosures in line with the European Sustainability Reporting Standards (ESRS), which require companies to report on a broad range of Sustainability topics, not just climate. The ‘double materiality’ approach will also mean companies need to report on how Sustainability risks and opportunities affect their performance, position and development from both a financial and impact perspective.
Key implications for your organisation
The CSRD means that Sustainability Reporting requirements will likely be more stringent than ever. Early preparation is key as some disclosure requirements will require significant time and resources. Get in contact today.